Watchlist,..
As per Weekly Charts Ajanta Pharma already formed HNS during a uptrend.
1. HNS Breakdown confirmed during mid of 2018 but there seems to a long term support near 900 levels.
2. It faces resistance near 50EMA in weekly charts and the momentum in RSI is along resistance at the exact same location.
3. It faces resistance near 200MA in Daily charts also.
4. The Green line represents long term support.
5. Orange lines represents Descending Triangle. So it may break either side, keep in watchlist for long above 50EMA and short below the Green or Orange line.
I started my own telegram channel to save my charts, if anyone interested to see my charts can see there - t.me/chartpicks
The sole purpose of telegram channel is to save my charts for future usage and to see in mobile.
As per Weekly Charts Ajanta Pharma already formed HNS during a uptrend.
1. HNS Breakdown confirmed during mid of 2018 but there seems to a long term support near 900 levels.
2. It faces resistance near 50EMA in weekly charts and the momentum in RSI is along resistance at the exact same location.
3. It faces resistance near 200MA in Daily charts also.
4. The Green line represents long term support.
5. Orange lines represents Descending Triangle. So it may break either side, keep in watchlist for long above 50EMA and short below the Green or Orange line.
I started my own telegram channel to save my charts, if anyone interested to see my charts can see there - t.me/chartpicks
The sole purpose of telegram channel is to save my charts for future usage and to see in mobile.